In this assignment, you will develop a more personalized understanding of the Balanced Scorecard concept and see how your vision and mission can be linked to your goals and objectives. Using the S-M-A-R-T tools in section 6.7 of Chapter 6 in the text, create your own list of goals and objectives.

Create 4 to 5 S-M-A-R-T goals and objectives and demonstrate how they link to your Strategy Diamond and personal vision and mission statements.

My four smart goals includes the following: I want to become physically fit within the next 6 months so that I can run a full marathon in less than 4 hours, want to become a senior manager in my current organization from my current role as a manager within the next 2 years so that I can lead a team of 2-3 managers, I want to become an adorable husband to my wife by spending more time with her and taking her on vacations in the next 12 months, I want to become a lovable dad to my son in the next 4 months so that I can spend more time with him and answer all his queries.

Explanation:

The following are my 4 SMART goals stated below:

1.I want to become a senior manager in my current organization from my current role as a manager within the next 2 years so that I can lead a team of 2-3 managers.

2. I want to become physically fit within the next 6 months so that I can run a full marathon in less than 4 hours.

3. I want to become a lovable dad to my son in the next 4 months so that I can spend more time with him and answer all his queries.

4. I want to become an adorable husband to my wife by spending more time with her and taking her on vacations in the next 12 months,

Measurable :

1. I would start my training from tomorrow. Initially I would run 2 to 5 kilometres with walk breaks.

2. I would start talking to my boss next week to ask for additional responsibilities and also ask him to let me know what needs to be done to get promoted.

3. I would start coming from office early by being more efficient in office. I will take my son on walks or play with him for 1 hour daily.

4. I would come back from office on time and spend time with my wife after spending time with my son.

Attainable/Attainability:

1. I will talk to other marathoners about whether my goal is attainable. I will also research about it.

2. I will talk to my colleagues who are senior managers about how they got promoted.

3. I will talk to other dads about whether my goal is attainable.

4. I will talk to other husbands who are successful.

Timely:

I have given a time frame for attaining all these goals which is very important.

For implementing these goals, I will use the Plan-Do-Act-Dare cycle.

Since my objective is to become a well rounded person both in my personal and professional life, the above steps would help me in becoming that person.

The strategy diamond consists of:

1. Vehicles- Focused hard work

2.Differentiation- Being different from others.

3. Arenas-Professional and Personal

4. Staging-Speed of initiatives

jaquelinefvr jaquelinefvr · Answer 2 · 2022-03-21T16:21:23+01:00

The Balanced Scorecard can be defined as a management system for continuous improvement through feedback from internal processes and external results. Combined with the SMART goals and the Strategy Diamond, they can assist in personal and professional development.

What are SMART goals?

It is a tool that helps in developing and achievement of goals and objectives in a more focused and objective way, based on the concept of goal management. The acronym means:

Specific
Measurable
Achievable
Relevant
Time-bound

The Strategy Diamond concept, on the other hand, relates to the systematic integration of the parts of a strategy, increasing the vision and sense of direction, according to the elements:

Arenas
Differentiators
Vehicles
Staging
Economic Logic

Therefore, these three strategic management tools will help in better targeting and managing objectives and goals to be achieved effectively.

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